After spending R300bn, hiking prices 300%, Eskom producing less electricity

The country’s electricity utility Eskom is becoming a national embarrassment. Facts shared by Nedbank Group Economist Dennis Dykes prove the folly of trying to enforce central planning in South Africa’s highly complex market-driven economy. Unbelievably arrogant decisions forced through by interfering politicians, especially during the term of the Zuma Administration, is wreaking havoc with electricity … Read more